In Entwicklung
Labor·29.04.2026KI-Zusammenfassung
Noida factory workers' protest reignites India's minimum wage debate
Factory workers' protests in Noida's industrial belt have brought India's minimum wage debate into focus. Uttar Pradesh raised minimum wages for unskilled workers from ₹11,313 to ₹13,693 (over 20%), responding to demands for alignment with higher Haryana benchmarks. However, all-India inflation of 26.6% between 2021-2026 has eroded nominal wage gains, with food prices rising 28%. While some states show wage convergence, disparities persist between labour-demand and labour-supply states. Household savings have declined from 7.1% to 5.2% of GDP since FY15, while liabilities doubled to 6.2%, forcing families to increasingly rely on borrowing.
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Economic Times